Which Statement Relating to the Accumulated Depreciation Account Is Correct

question 22

Multiple Choice

Which statement relating to the accumulated depreciation account is correct?

• A) It normally has a DR balance.
• B) It provides information on the market value of the asset at a particular date.
• C) It is classified as a liability in the balance sheet.
• D) It reflects the portion of the cost of the asset that has been assigned as an expense since the date of purchase.

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Definitions:

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